STORY OF THE DAY
MIPIM: Poland continues to enjoy investor interest

Story of the week

News MIPIM: Poland continues to enjoy investor interest
24
Mar
2023

MIPIM: Poland continues to enjoy investor interest

by Property Forum
The mood among investors at MIPIM was mixed: we all expected that the beginning of this year would not be rich in transactions and new projects, and it is true - we are seeing an investment slowdown across Europe, writes Marcin Purgal, Senior Director, Investment at Avison Young. However, in this time of uncertainty, we can say that Poland is enjoying and will continue to enjoy the interest of investors - it is one of the most active markets, across all segments, offering higher rates of return than Western Europe. We have an influx of new capital from the Baltic countries and Scandinavia. Also, the already present capital is still active, such as investors from Central and Eastern Europe as well as a few from Western Europe.
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Industrial

News brownfield logistics Łódź Panattoni Europe Poland warehouse
27
Mar
2023

Panattoni starts construcion of 25,000 sqm City Logistics Łódź VI

by Property Forum
Panattoni has started the development of 25,000 sqm of speculative space on ul. Dostawcza in Łódź. It is to be a brownfield development built on the site of a former gas bottling plant. City Logistics Łódź VI is to be certified under BREEAM for a rating of ‘Excellent’ with the developer to take measures such as preparing the roofs for solar panel installations.
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CTP continues expansion in the Czech Republic Panattoni delivers 9,000 sqm BTO for DHL in Wielkopolska Rohlig Suus Logistics to stay longer in Prologis Park Piotrków

Residential

News Avison Young Poland PRS residential
27
Mar
2023

Investors have ambitious construction plans for Poland's PRS sector

by Property Forum
The prolonged conflict in Ukraine (the refugee wave) and the significantly reduced credit scores increase the demand for renting apartments and thus, affect the development of the PRS market in Poland. The institutional rental sector will also grow due to the changing perception of homeownership by young people, who value mobility and do not necessarily need to own a home. According to Eurostat data from 2021, about 30 percent of the population in the European Union live in rented apartments, while in Poland this number amounts to only about 13 percent. Paulina Brzeszkiewicz-Kuczyńska, Research and Data Manager at Avison Young Poland, summarises this sector's current situation. 
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Resi4Rent delivers another investment in Warsaw Prices of new homes in Romania to fall this year Developer Crescon finishes residential project in Krkonoše

Career

News @expo Atenor Bucharest CBRE office residential Romania Up Site Viorel Lăcătuș
27
Mar
2023

Atenor names Viorel Lăcătuș as Country Manager in Romania

by Property Forum
Property developer Atenor has named Viorel Lăcătuș as Country Manager in Romania. He has more than 19 years’ worth of experience in real estate, mostly in advisory roles.  
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Knight Frank CZ expands portfolio with residential properties Savills expands its management board in Poland Budapest Airport CEO to leave the company

Investment

News ESG Heimstaden Bostadm financing sustainability
24
Mar
2023

Heimstaden Bostad establishes green financing framework

by Property Forum
Heimstaden Bostad has established a combined green and sustainability-linked financing framework to enable the issuance of green and sustainability-linked financing instruments.
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Iulius adds PV panels to its property portfolio Crowdberry's CB Property Investors invests in Liberec

Report

News Arnold Investments Europe investment MIPIM report
24
Mar
2023

Real estate investments are regaining attractiveness

by Property Forum
Europe’s largest retail estate fair, MIPIM, which took place in Cannes last week, has shown that the industry was on the move. Interestingly enough, the market mood is by no means as negative as is frequently suggested. On the contrary, Arnold Investments reports lively interest from international investors. The focus is particularly on properties of up to €50 million. “Many deals are about to be finalized”, summarizes Markus Arnold, CEO and sole owner of Arnold Investments.
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Globalworth’s portfolio value flat at €3.2 billion in 2022 Ecological real estate design is a way to reduce CO2 emissions Bulgaria ranks sixth in Europe in proptech solutions

Office

News Brașov Cluj-Napoca Iași JLL Laura Ene office Romania Timișoara
23
Mar
2023

Timișoara records strongest office leasing activity among regional cities in 2022

by Property Forum
Office leasing volumes in Timișoara amounted to 51,400 sqm during 2022, which was more than half of the total deals closed in regional cities. Iași and Cluj-Napoca were next with volumes of 26,700 sqm and 15,200 sqm, respectively, while in Brașov office leasing covered 5,900 sqm. 
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IWG opens new Regus centre near Budapest City Space to open its first location in Łódź Office renting is getting increasingly expensive in Poland

Hotel

News Balvanyos Resort Bucharest Cushman & Wakefield Echinox InterGlobe K+K Elisabeta Romania Szarvadi Vitalis Consulting Wolf Theiss
23
Mar
2023

K+K Elisabeta hotel in Bucharest sold to Szarvadi family

by Property Forum
The 4-star K+K Elisabeta hotel located in the Bucharest city center has been sold to Lorand and Zsuzsanna Szarvadi, the owners of the Balvanyos Resort & Spa in Covasna for an undisclosed sum. 
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Hungary's KÉSZ Group delivers new hotel near Budapest Indotek Group sells Sofitel hotel in Budapest Marriott Hotels debuts in Tirana

Interview

News Hungary hypermarket retail shopping centres
22
Mar
2023

Flexibility and creativity are a must for shopping centre operators

by Property Forum
Retail centres face pressure from different angles and most of them have started refurbishment programs including energy efficiency investments. Is that enough or do they need to invest more to keep up? Property Forum asked Judit Balatoni, Secretary General of the Hungarian Council of Shopping Centres (HCSC) about the ways operators meet current challenges.
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Real estate investments in Slovakia to remain attractive in 2023 Rental housing in the Czech Republic to gain further momentum Now is a good time to invest in data management

Retail

News Colliers Czech Republic Liana Dumitru NEPI Rockcastle Poland retail Romania
21
Mar
2023

Romania’s retail deliveries could reach 260,000 sqm in 2023

by Property Forum
With scheduled retail deliveries of around 260,000 sqm across Romania, this year may turn out to have the heaviest pipeline calendar since 2011, which would add to the existing stock of more than 4.1 million sqm, according to real estate consultancy Colliers. 
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Amadeus to renovate Prague department store for €166 million

Economy

News conference ESG event green certification Hungary office Property Forum
13
Mar
2023

Low-cost ESG measures can’t bring significant improvement

by Property Forum
Nearly all players in the commercial real estate market share the view that the pressure is growing on corporate leaders to have an ESG-compliant stock and operation. But the majority of them stop at „E” i.eg. being more energy efficient and environmentally friendly. This was one of the takeaways of last week’s Budapest ESG Meetup, organized by Property Forum in partnership with workcloud24.
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Inflation hits record high in Hungary last year Foster + Partners to design new CPK airport in Poland Bulgaria to focus on increasing energy efficiency

New leases

  • The Access Group, the UK provider of business management software, has leased 4,200 sqm of office space in Iulius Town Timișoara. More than 400 specialists work in the Global Operation Center based in United Business Center 0, and the company plans to double the number of tech specialists by the end of this year.
  • Centrumrowerowe.pl is opening a stationary shop in Warsaw. The shop will be located in the CH Okęcie Park and will be launched on 1 April. It is to have as much as 2,700 sqm of floor space.
  • Intive global tech company has let 62 workstations in the flexible Myhive office in Myhive Crown Tower (Warsaw), belonging to CPI Property Group. Savills and Workthere assisted with the transaction.

New appointments

  • CPI Property Group is expanding its retail leasing department. Dariusz Kafara has been appointed as the new Leasing Manager. At the Warsaw branch of the company, Dariusz is responsible for maintaining the maximum level of commercialisation in two retail park chains from the group's portfolio - CityMarket and STOP SHOP.
  • Brian Nyeng Olesen, formerly head of commercial at the Salling Group, has been appointed as the new managing director of Netto Polska. The position was previously held by Hugo Mesquita.
  • M Core appoints Magdalena Kowalewska as the new Chief Operating Officer at LCP Properties, Poland. This comes at the same time that Krystian Modrzejewski has accepted a post as the Group Head of Expansion for Poland, where he will be responsible for realising the opportunity for land and asset acquisition in aid of portfolio growth. LCP Properties Poland is part of the M Core group, which brings together family-owned companies that invest in and manage real estate. It comprises LCP, Proudreed, Sheet Anchor, GIPAM and Evolve Estates.

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